- XRP must reclaim $3 level to regain bullish market confidence.
- Failure below $2.90 risks decline toward $2.65 support zone.
- Sustained close above $3.20 strengthens momentum toward $3.65 target.
According to EGRAG CRYPTO, XRP is trading within a decisive range where reclaiming the $3 level is essential to restore bullish momentum. Market indicators show that there is a chance of extending a five-wave structure unless the token maintains key bottom support levels.
The analysis reveals that the bearish wave pattern may be confirmed by a full-bodied candle that will close below the price of $2.90 on a four-hour chart. This action would probably drive XRP to the level of $2.65, which has been determined as a major floor in the ongoing market cycle.
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Technical Levels Driving the Market Outlook
EGRAG highlights the $3 mark as the immediate barrier that must be reclaimed for sentiment to turn upward. After the above hurdle is crossed, the next stop is the price of $3.13, which implies increasing optimism about a long-term recovery.
The next level of significance is $3.20, which would further support the bullish argument. A breakout and follow-through above $3.45 would then position XRP to attack the top of the range at the $3.65 level. That is a big mark for any possible new highs endeavor.
Volumes also contribute to the weight of the analysis since trading is above the moving average. This implies that it will continue to participate even in the face of recent price consolidation and indicates that liquidity is supportive.
Current Market Context
XRP’s price action reflects a market at a turning point. Failure to defend above $2.90 increases the likelihood of testing $2.65, while a recovery past $3 could provide renewed momentum. Each of these price reactions will play a role in shaping the short-term direction.
For now, the range between $2.65 and $3.65 defines the macro outlook. The $3 mark stands at the heart of this battle, with its recovery seen as the spark needed to reignite bullish momentum.
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